new york stock exchange. where all the action is. apple, i'm happy to say as a share holder making a big comeback today, nicole. >> much better to be over 500 than 483 like it was yesterday. morgan stanley says the concerns about seas on the iphone 5 were overblown and put it as a best ideas in technology. liz: best idea? let's see what ideas ebay comes out with. earnings are just minutes away. one of the very first tech companies to report at least one of the big ones. this one is coming off of four quarters of surprised upside here. >> it has been up over 70% the last 52 weeks. still today having an up arrow. david: let's look at the banks. this week is a big week for bank earnings. goldman sachs, i remember in june selling at 90. today it is over at 140? >> new high, 141 and change. both goldman sachs and jpmorgan with up arrows. goldman sachs new high. liz: speaking of tech,

another big tech cap name, hewlett-packard made a big upside move. [closing bell ringing] david: the bells are ringing. mixed picture as we look at the different indexes. dow jones not able to go into the green. but the s&p is there, tracking up a tick. nasdaq pulled up. not a huge increase on nasdaq. when you think of the influence of apple on the nasdaq itself, the nasdaq index being hugely influenced by that. were it not for gains by apple we would have seen negative gains on nasdaq as well but it did show gains. s&p flirting with the up and down arrow as we speak. liz: touch-and-go moment by moment. look at dow jones transportation index the transports hitting an all-time high today. the index is a composite of to big companies from airlines to railroads to the trucking industry. some investors follow the dow theory the dow and

transports need to move in tandem in order to confirm a market trend. right now the dow moving higher, dow transports moving higher. the dow jones industrials moving down. david: look at another transportation unit. cars are feeling heat from what is happening over in europe. germany seeing a contraction in their economy. whether or not it is a recession still a little too early to say. as a result of what is happening in europe these stocks are down. gm was down over 4% today, big loss for the car companies because of europe. liz: and two vix etfs, volatility exchange traded funds, hitting new 52-week highs. even though the volatility index continues to tumble. what you see are two where you can make bearish bets on the vix, that would make sense, right? xiv, as you see. we've got them moving higher today. david: the battle over the debt ceiling and paying the bills that d.c. is racking up continues. representative jerry nadler, happens to be my representative, he is looking to stop future fights.

he has introduced legislation to end the debt ceiling debate by getting rid of the debt ceiling all together. but would that give too much power to the president? that is the argument. that is the debate. we'll take you and jerry nadler there coming up. liz: germany's central bank pulling some of its gold out of new york and paris. we have somebody who says you need to look at this because it could turn out to be good news for gold prices. he also says we could see 1900 an ounce by the end of the year. find out why and how you could play this one. david: we all love gold. first before we get to all those stories we'll tell you what drove the markets with today's data download. it is a mixed day on wall street. dow settling lower while the nasdaq and the s&p posting gains the dow snapping a five-day winning streak. technology and energy were today's top performing sectors while materials and telecom lagged. meanwhile oil prices getting a boost on reports of a drop in u.s. supply. crude closing 1% higher to

settle at $94.24 a barrel. u.s. homebuilder confidence holding steady in january. this is the highest level we've seen in nearly seven years. so that is a good thing. the national association of home builders index released today held at 47. this is the highest reading since april 2006. just before the housing bubble burst, liz. liz: we've got todd horowitz right now in the pits of the cme, wiping the sweat off his brow. actually wasn't that kind of a market day but we know he is always working it. and our market panel. ralph acampora, altera wealth management and charles biederman, trim tabs investment research chairman. want to start with todd at the cme. we saw a bit of acceleration midday to the downside for the dow jones industrials. a lot of that was boeing. can you make a judgment call how stocks are doing when one major name was struggling over a simple headline? >> good afternoon, no you really can't the overall

picture the markets in general are stuck in a consolidation period. we're having a true battle between the bulls and bears trying to figure out, we're up against this five-year high. 1474 on the s&p. until we take it out i don't know if we can go higher but we can't sell off either here. we're in a total market that is full of complacency. david: todd, forgive me for interrupting but we have breaking news from sandy. go ahead, sandy. >> i can wering news hitting the wire at 4 past 4:00, that citigroup is declaring a dividend. we don't have more information than that. the stock is slightly hire in after-hours trading. citigroup declaring a dividend of one penny a share. that is a quarterly dividend. david: that is interesting. they were coming out with their earnings this week as well. there were a lot of expectations today about jpmorgan, what is happening there, with goldman sachs as well and bank of america. this is an interesting development. liz? liz: i say what is interesting about that remember during the financial crisis they were banned from giving out a

dividend, okay? they had to get their capital levels to a certain point and there were all kinds of restrictions on them. the stock moving slightly higher in the bid and a little higher in the ask at the moment. again, it's a penny a share, okay? david: they had to ask permission from the federal reserve in order to do that. todd, let's go back to you. you do think the markets look a little toppy right now but you don't see a big selloff coming, right? >> it is hard to judge. i think it would be irresponsible to try to short up here because the market is not confirming we're going to go down. there is a lot of strength. jpmorgan and citigroup and goldman sachs had great earnings today. we're getting some good solid numbers even though less than expected. we're getting a lot of good solid data. it looks like we'll hang here. i think you want to go with momentum. you don't want to get short this market or sell the market until we break the 1455 level on the s&p. you don't really want to buy it until we get over 1474 and hold.

we're in limbo. vix says we're overly complacent. we think markets are stuck where they are. this is where we'll be. liz: when the falls 18 points. we'll see you when the s&p futures closes in a few minutes. thanks. david: let's bring in our market panel. ralph acampora and ralph biderman. you're extremely bullish. we talk to a lot of bulls but you're on the high end of the bullish side. you think 2013 will break records. why? >> because it is doing it already, david. you just mentioned that the dow jones transportation average all-time new high. the russell 2000 is at an all-time new high. you have leadership. i agree with todd. maybe the market stalls a little bit, maybe even pulls back a little bit but as a long-term investor, which is what i am, i think any pullback or any consolidation or correction is definitely a buying opportunity. we're going a lot higher.

i think we'll make all-time new highs across the board. liz: all-time highs across the board. i look at that, wow, say something, charles, where you roll your eyes or does he have a point here? we have a tiny bit more clarity. you know companies are inching to spend a little more money. >> things are good right now. what do i mean things are good? the government hiked taxes at the end of the year. what did people do? they sold stock in december. they rolled forward bonus income. about 100 billion of income was taken in december. that money is being reinvested of the a lot of that money has been going into the market. we've seen 22 billion go into u.s. equity mutual fund and etfs. the most in a while. there is even a positive influence to u.s. equity mutual funds, if it lasts through the month, that would be the first inflow since february of 11. liz: that is good. >> yes, there are some positive things. extra money going into the

economy has helped. people feel good about it but there is a problem lying in the weeds or woods, whatever, and that is if the income was taken last year, that means income this quarter is going to be down year-over-year you even get to the higher tax rates that are kicking in now. so we're going to have a problem in terms of comparisons both year-over-year and sequentially going forward here. income growth, take-home pay for people, unless there is a phenomenal pickup somewhere in the economy and certainly not real estate unless mortgage rates go below 3%, you know, there is no real growth here. david: well, ralph, there is another fly in the oiptment. it concerns one sector in particular, a sector reporting this week, financials. we had great earnings from goldman sachs, jpmorgan. we had news of citi today increasing its dividend and of course we have bank of america. look at bank of america, for

example, ralph. they still have a lot of bad countryside loans. there are a lot of companies, including citigroup by the way that still have some bad loans in their portfolio. does that concern you at all? >> can i ask you a question. david: sure? >> if things are so bad at bank of america why is it making new highs? david: because a lot of people say because it has fallen so tremendously over past couple years, it was due for a little bit of a bump. has it come up too much? >> no, no. it has been stuck in a trading range for the last two years. in the last couple weeks --. david: we're looking, excuse me ralph. put that back up. we're looking at a three-year chart. put the three-year chart back up. for about the past year or so, it has been, not a zoom upwards but kind of a steady chart upwards. >> that's right. exactly right. what you're seeing, from a technical point of view, when it broke above $10, iftar gets of 20 and 30. david: wow. >> if you're willing to wait. yes, sir. buy the dips. liz: buy the dips.

let's get back to charles then. what would you be doing, if somebody is at the proverbial cocktail party and walks up and says, charles, we have inflows into mutual funds. some of that trillion plus money sitting on the sidelines at least at retail investor, close to more like, 2.5 trillion on company balance sheets, starting to slowly come off the sidelines. where would you put money? >> well, i belong, as a long-term investor i would buy trim tabs float etf, that great etf that invests in companies shrinking number of shares. by the way, before the market close you had a guest talking about dividends. well, float slipping is the most cost effective way for companies to return cash to shareholders and companies who use free cash flow to shrink the float or, use, shrink the float from money from free cash flow outperform and that's the basis of our fund -- float

shrinking. david: gentlemen, thanks very much. we appreciate it. liz: thanks, ralph, thanks, charles. president obama calling for sweeping gun control measures including expanding background checks along with a ban on military-style assault weapons. will congress take action? the latest from washington live next. david: also, maybe the answer to the debt ceiling debate is just to get rid of the debt ceiling itself? new york congressman jerry nadler wants to do exactly that. today he was author of a bill in congress to do that. he will join us for a lively debate on this later in the hour. ♪ .

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david: s&p futures close right now. todd horowitz in the pits of the cme. todd? >> you know, it looks like we'll have the same kind of action.

we'll close flat on the day on s&p action to continue so we find a fundamental reason to break out one way or the other. liz: got to be reason. close to 1472. here we see 1465 for futures. thanks very much, todd. david: screaming to get the last trades in. liz: shares of netflix falling. nicole, head flak to the floor. down over 4% today, down yesterday as well. while they have been working so hard and beefing up their content, it is kpael expensive -- working with warner brothers and disney and starr, et cetera. two key players here. carl icahn and david einhorn. what positions do they have? what positions don't they have? where do they stand pertaining to netflix. while netflix is beefing up the content having streaming

video for subscribers. meantime, traders are more focused on what the big guys, smart money is doing. what will these two, carl icahn and david hine horn -- einhorn. that is moving this stock around 4%. david: we do have the numbers out from ebay. sandy smith is going you there the numbers. paypal is big focus on attention. people are looking at, see above bid, above the closing price for it right now. people are focusing on whether the mobile activity has increase ad lot of business on the ebay side. sandy smith is looking at numbers. what do you see, sandy. >> beat on both the top and bottom lines. small beat at that. stock is rising after-hours. earnings per share adjusted coming in 70 cents for ebay. street for looking at 69 cents. revenues coming in slightly above estimates at 4

billion. street is looking for 3.98 billion. pretty much in line with the revenue estimates. at first sight same-store sales for ebay for the quarter up 19%. so a huge double-digit increase there. liz: okay. we also want to mention right now, looks like in 2013, ebay is giving guidance on paypal to exceed 20 billion in mobile payment volume, which brings us to shibani joshi, pulling apart the numbers. is that going to satisfy investors and analysts. >> this is story that shows mobile is key driver for any marketplace. ebay has been able to successfully turn around and rewrite the narrative. company's ceo jon donahue, we continue to be a commerce and payments leader. let me break it down for you. mobile revenues, $13 billion. whisper number, the street, investment professionals out

there were looking for, was 10 billion. they are three billion above what people are talking about. paypal, the payments system also accelerating in their growth, total payments, i think 24 billion bucks. so what we're seeing is, a company that is able to use its two pillars, not just a marketplace, not just payments but growing them both rapid clip. very solid and healthy report coming out of ebay. david: we've seen the numbers come down a little bit. trading down a little bit, after-hours bid below closing. international business, shibani. more than half of paypal's revenues come from business overseas, and what is happening in europe isn't that a concern? >> absolutely. i haven't been able to dig into it. we've seen economic woes hitting regions like europe. that could potentially slow down what is happening, the growth story in ebay. i would even argue what

we're seeing a little sell on the news. historically last four quarters beating expectations and the stock price reacting with a, at least four to 5% pop after every report. david: excuse me, shibani. analyst were looking for the paypal number to reach 121 million users. in fact it is 123 million users. that was a beat as well? >> absolutely. paypal growth accelerating up 16%. i'm hard-pressed to find anything sort of wrong or disappointing in this. i haven't seen international numbers, but if they came out sort of slow or weak they were able to compensate for it in different arenas. again 100 million downloads of the ebay apps, this is a big part of that company's growth story. liz: if we look at after-market trade. looks like we're falling slightly. we always stress this is very volatile move you see right here. usually people take a while to distill what is in the reports. do you think it is the guidance here? i'm looking at numbers, they

look, pretty decent, what have you done for me lately. big beat, five quarters in a row, but this just by a hair? >> yeah. again i think this is the very knee-jerk reaction and i would guess that we would have a much stronger reaction and when, the market trading day begins tomorrow. again with ebay, what we want, what i think it is going to be deciding factor here whether or not it can continue to grow at this rapid pace. 20 twefled was clearly great for ebay, where is the growth going to come back. we're seeing pull back here in the u.s. economy. european economy. are they going to continue this, and guidance, digging down a little bit deeper into the 2013 story will be really key what the stock price does tomorrow. david: sandy, you have a little bit to add here on ebay, go ahead. >> the fact they beat four straight quarters and here they are with results pretty much right in line with analyst estimates might be

the disappointment factor that is weighing in on the shares right now. after this beat we are slightly lower in after-hours trading. paypal was obviously very strong. i do want to point out that the stock has been rallying in anticipation of these numbers coming out point out. first couple weeks of the year, the stock is up 5%. there has been a lot of optimism and a lot of buying into this report. maybe a bit of selling on the news here. liz: sandra, shibani, thank you very much. we're watching ebay as well as gun control as the story develops. peter barnes is very latest on the president's announcement and comments on the issue. we'll look at gun stocks and ammunition stocks, stay tuned. ♪

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david: i'm sure you saw president obama unveiling a set of gun control measures

today. liz: what does the president's plan really call for. fox business's peter barnes joins me with details. state of new york coming out with ideas and then the president. >> aren't they throwing to me right now? liz: go ahead, peter. can you hear me? >> sorry, gang, someone was talking in my ear here. as you were saying in the intro, 33 days after the shootings in newtown, connecticut, the president was joined by a group of children on stage at the eisenhower executive office building right here next to the white house to announce his gun control proposals. he is pushing congress to reinstate the ban on assault weapons. he also wants to reinstate limit on magazines, gun clips, to 10 shots, rather than, up to 30 shots. he also is pushing universal background checks, to include background checks for gun buyers who get guns at gun shows for example. also announced 23 executive

actions, memorandums, orders to try to promote gun control, reduce gun violence instructing the center for disease control to conduct more research into the causes of gun violence. here is what the president says about expanding background checks. >> the law already requires licensed gun dealers to run background checks. over the last 14 years, that kept 1.5 million of the wrong people from getting their hands on a gun but it is hard to enforce that law when as many as 40% of all gun purchases are conducted without a background check. >> house speaker john boehner put out a statement on all of this said, quote, house committees of jurisdiction will review these recommendations and if the senate pass as bill, we will also take a look at that. speaker boehner knows that getting 60 votes for any major sweeping new gun control legislation will be difficult to get in the senate. david and liz.

david: peter barnes in d.c. thanks, peter. liz: with talks of gun control let's look how some big name gun companies are performing right now. first smith & wesson. this of course is the firearms manufacturer, the stocks saw really significant bump of nearly 6%, putting this into perspective, fallen more than 14% in the wake of shootings at the school. arum ruger and company engages in the design, manufacturing and sale of firearms saw its biggest gain since mid-december. the stock is not hit as hard as smith & wesson. it is up three months for sturm ruger. cabela's operating hundreds of stores in u.s. and canada. it saw a move up 6%. david: not just gun control. we're headed for a debt

ceiling battle is to avoid the debt ceiling itself. congressman jerry nadler joins me now and introducing the legislation today. in full disclosure he is my congressman. you do a hell of a job in your district. we're very happy with you there. >> thank you. david: i do set this that up as a compliment to criticize you, i look at a debt ceiling which started at 10 billion, 10 trillion dollars when the president came into office. it is now $16 trillion. don't we need restraint of a debt ceiling to prevent the spending from even going further? >> no. and it doesn't restrain spending at all. congress makes the decisions as to what to spend, what the level of taxation should be, what the level of spending should be. the debt ceiling is just there and, says you can not pay the bills that you voted to incur a year ago and two years ago and three years ago. and that is just wrong. now it used to be harmless in that the debt ceiling would be raised with a

little demagoguing here and there but no one ever seriously suggested not raising it. it was raised seven tiles during the second bush administration with no great debate. but now it is being used as blackmail and could wreck the entire american economy if we don't --. david: hold on a second, congressman. 2002, june 2002 two, in november, 2004 and november 2006, guess who voted against raising the debt ceiling. jerry nadler, member of congress. what has changed. why were you against, in favor of keeping debt ceiling restraint then and not so now. >> it because it was meaningless gesture frankly. when you had a republican president and republican congress minority demagogued and said we'll vote against it knowing perfectly well it would pass. no one ever seriously tried to have it not pass. and when ever, we were in the majority, we, democrats we passed it, even in the bush administration.

because you knew it had to pass. now i don't, i'm not trying to make any excuses for, for political demagoguery in the past but the fact is, the fact is what is knew that republicans seem serious about not raising the debt ceiling and that can throw the economy into real depression. david: what is new the degree of spending in this country we haven't really had before. >> that is not true. david: hold on a second. you hear a lot of people talk about numbers in the future. the president says i'm for reducing spending by so much trillion dollars. let's look at the numbers that have happened. the numbers we can put up from the department of treasury. 2008, we saw $3 trillion of spending. we saw that jump in 2009, of course a lot of that was as a result of this stimulus but those numbers, that $500 billion more in spending, that this president has brought on board has remained for the past four fiscal years. so we have this 20% increase

in spending. that is really different. that is one of the main reasons we've seen this debt jump to $16 trillion. first of all there are two separate issues which shouldn't be confused. issue number one is raising the debt ceiling which allows you to pay the bills we're already voted for. and that was already voted for. maybe they shouldn't have been, but already was voted for. not to raise the debt ceiling would cause the government to default on its debts interest rates would spike and destroy economy. david: i can't allow that to go by congressman, because there is no guaranty we would default as a result of reaching that point. i mean we have enough revenue coming in to pay off our bondholders. >> well, depends what you mean by default. if you paid bondholders at expense of not paying social security checks or salaries of military or salaries of the air traffic controllers the fact is we have 40% difference between the income coming in and the expenditures that were voted. that would be regarded by the financial markets as a

default. david: it would require, more cut backs in spending. there is no question it would cause enormous, as you point out quite rightly, 40 cents of every dollar that we spend is borrowed. that is part of the problem. >> that's right. david: inside the beltway. there is so much borrowing going on. wouldn't it make sense to link somehow, the debt ceiling, disagreement on the debt ceiling restraint. permanent restraint on spending? >> no, it does not. because in effect you're saying either you retrain spending amount we want or we'll destroy the economy. like old 1930s gangster movie saying nice economy got over there. pity if it should happen to blow up. david: you got to forgive me. my congressman is from new york. he says it with that new york way of saying things. and that is why we love him in our district. thank you very much have, jerry nadler. >> good to see you. david: quite welcome. liz: i like the line he gave. germany polling gold reserves out of new york and paris. why does that matter? up next find out why this could

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david: germany's central bank announcing plans to transfer its gold reserves out of new york and paris and bring the gold back home. liz: now we have somebody who says watch this movie very closely, it is a huge deal. gold investors should be excited by it. joining us now, investments founder and ceo. i don't know whether to ask why they're doing this or what is actually mean. let's start with why. why are they moving those reserves and moving them where, to germany? >> that is right, bringing them back home. it is showing a lack of confidence from the central bank of germany and other central banks around, bringing it back from france and the united states showing germany whose own gdp growth is slowing having less confidence in the stability of the other central banks around, so they're circling their own wagon. this is negative for the euro and the confidence in the u.s.

economy, and it is a cautionary tale that means people are flocking to real assets, which is gold. it is an important move. david: isn't everybody doing it? from the united states to the bank of england to the european community itself, everybody is printing money like crazy to buy treasuries, so why bother moving it if everybody is doing it? >> they're bringing it home. germany sees themselves as the only thing that is holding. david: they are the mainstay of the euro. >> they're saying if they have to break away, if they have to move apart, they're circling the wagons with their own gold to say we are able to take a stand here. they couldn't do it in the middle of the european crisis because that would have blown the whole thing up. now that it has calmed down a little bit, they are making preparations to be able to circle the wagons on their own front. liz: what is your call on it and

the time limit that you have on that? >> i think over the next three months we can see gold get back into the 1700s, 1750. about a 5% move is good. if you look at august 2011 with the last gets to debate, gold and silver did very, very well. the next step will be to times at least worse what they went through. it is very likely we will get some kind of technical default where we get the privatization of payments made, so that will be bullish for gold and silver. there is good support at this level. i would say make sure you buy it at 1600, we're back toward 1700, close to that. david: i would like them to prioritize payments and spending. that said, let's talk about the fed because nothing moves commodities like the fed does. are you betting the fed will actually continue to print money in order to buy bonds beyond 2013?

>> absolutely did the fed ending quantitative easing is a total joke because what they have tied it two is unemployment. they will make a change, and unemployment is not going to get anywhere near that rate because the real unemployment rate if you really count the people who have dropped out of the workforce is much higher than 7.8, 7.9%. we are in the double digits. if you get a little bit of growth, people will come back in and the unemployment level will not get anywhere near 6.5. david: we did not even get a chance to ask you about japan. we love talking to you, please come back soon. liz: there' there is quite a bif information being posted on social media like twitter. is it reliable information that can help you profit in the market and make stock picks? up next, somebody who just launched a brand-new trading platform, the first social media platform that mines those sites

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>> i am sandra smith with your fox business brief. a mixed day on wall street, stepping a five-day winning streak to end the trading day lower as the s&p 500 and nasdaq posted slight gains. the dow down 23 points, 13,511. the u.s. fiscal crisis is still the biggest single individual risk facing investors according to a new survey of fund managers published by bank of america-merrill lynch.

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twitter, but now this is sort of the very first social media sentiment opportunity here. how does it work? >> yeah, that's right. what we've identified is with the rise of social networks such as twitter and facebook, there's a huge amount of valuable information out there now. so what our system does is it focuses initially on twitter. you have about 350-400 million tweets coming through the network every day. we put them in real-time with complex logarithm algorithms ana look at how the world is feeling about any stock or any asset class. liz: normally i would say that is amazing except the herd is often wrong and then an individual investor can get stampeded. is there a way to look through and also see the valuable contrarian trades? >> potentially. but the key is what we are

trying to identify is undermining sentiment, which seems to perceive movements in the underlining markets. what we find is when they make a decision to buy or sell an asset, that process has taken two or three days. what we tend to find is correlations between sentiment on the social networks. and the asset price, but you find the sentiment we find from twitter actually proceeded movement. liz: slickly drill down on how you're going to make money. >> we make our revenue by trading volume. clients from around the world, retail investors and traders can open an account with us for fr free, there's no sign-up fee, no monthly cost, they only pay when they trade, so every time the trade they pass more fees, we generate our revenue from the trading volume. liz: i like three, certainly,

but i guess the final question would be what do you hope to really grow from this? is it an opportunity where you might be able to capitalize enough to take this public? >> potentially. the big area from social networking a lot of value, and obviously focused on the financial services industry, and it has a great prospect for the industry as a whole. providing all sorts of information to an investor or to a trader making a better informed trading decision. liz: i think it is very fascinating and would like entrepreneurs in this show, so thank you for being one, keep us posted on the business. >> i will do. liz: david, he has founded other companies, always interesting to see no matter what the atmosphere, they will try and make a business out of it. david: water levels i lake

michigan are near record low. having a huge impact on shipping lead to higher prices on everything. we will go live to the shores of the lake and for the very latest. and police are on the lookout for a fast-moving bandit. we have the details, bizarre as they are, straight ahead. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy.

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liz: you could call it the not so great lake. lake michigan near a record low water level expected to keep receding over the next couple of months. david: forcing hundreds of ships to lighten the load to get through, but large quantities of the iron ore and coal going through, it could mean higher prices for you. steve brown is live in chicago. >> we have gone through a dry time here in the midwest. we have had back-to-back low snow winters in a dry summer last year but that added to what has been kind of a historical

fall water levels for the great lakes. in 1987 they were about average. in the 10 years afterwards the water levels dropped about a foot. in the 70s after that they dropped another three. up until now, another one. 5 feet lower means ships have to travel with less to carry. speaker you can't strike bottom, you will put a hole in her boat, see how to maintain a safe distance between the bottom of the ship in the bottom of the lake and the bottom of the harbor. when the water levels go down, we have to reduce our load. >> certainly traveling there are other transportation options. trees, trucks, but if you have the largest of loads the best way to ship it is by barge or by boat. >> we have a lot of manufacturers with big old shipments. you could see 10, 20, 25% increase in shipping costs getting passed on to the consumer, so there is a direct

impact here. >> the same thing as true for things like food and gasoline with farmers shipping large amounts of terrain. they use barges mostly and without that particular option, prices go up, farmers get pinched, manufactures get pinched and most of all consumers get pinched so when water levels go lower in the great lakes the amount of money your pocket particularly in this region of the country also goes lower. david and liz. liz: you look really great with that backdrop. >> thank you. liz: it looks beautiful there. thank you so much for that report. david: there is a bathroom bandit on the loose. making off with parts of toilets. why on earth? we have details right after the break. ♪

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david: okay, folks. time to go off the desk and go to southeast wisconsin were police on the lookout for this bathroom bandit i'm sure you have been worried about. a guy that has been stealing from the restaurants taking more than $35,000 worth of property. the flushing valves are expensive.